Globally recognised leading metals analyst Jim Lennon takes us through the supply and demand dynamics and outlook for nickel. After an exceptional year for nickel where a squeeze pushed it over $100,000 at ton leading to the LME ceasing trading, we hear the likely long-term implications from this fallout.
Jim dissects the supply and demand dynamics of both NPI from booming stainless steel production and booming EV sector demand for high purity nickel sulphate products. We hear the future market segmentation between different classes of nickel and how Russian sanctions will impact global supply-chains.
Jim Lennon, Commodities Strategy, Macquarie Bank & Managing Director, Red Door Research